Berry Global Group Inc (BERY)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 937,000 | 969,000 | 933,000 | 1,026,000 | 1,079,000 | 1,114,000 | 1,183,000 | 1,223,000 | 1,242,000 | 1,218,000 | 1,225,000 | 1,217,000 | 1,292,000 | 1,329,000 | 1,333,000 | 1,284,000 | 1,179,000 | 1,228,000 | 1,096,000 | 997,000 |
| Total assets | US$ in thousands | 16,613,000 | 15,988,000 | 15,981,000 | 16,144,000 | 16,587,000 | 16,549,000 | 16,613,000 | 16,451,000 | 16,956,000 | 16,885,000 | 17,535,000 | 17,341,000 | 17,882,000 | 17,577,000 | 17,263,000 | 17,176,000 | 16,701,000 | 16,731,000 | 16,949,000 | 17,024,000 |
| Operating ROA | 5.64% | 6.06% | 5.84% | 6.36% | 6.51% | 6.73% | 7.12% | 7.43% | 7.32% | 7.21% | 6.99% | 7.02% | 7.23% | 7.56% | 7.72% | 7.48% | 7.06% | 7.34% | 6.47% | 5.86% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $937,000K ÷ $16,613,000K
= 5.64%
Operating return on assets (operating ROA) measures a company's ability to generate operating income from its assets. Berry Global Group Inc's operating ROA has shown fluctuating trends over the past several quarters, ranging from 5.64% to 7.72%.
The company experienced a peak in operating ROA of 7.72% in the first quarter of 2021, followed by fluctuations in subsequent quarters. Despite these fluctuations, Berry Global Group Inc generally maintained a moderate to high level of operating ROA, indicating a relatively efficient utilization of its assets to generate operating income.
Overall, the company's operating ROA trend suggests that Berry Global Group Inc has been able to effectively manage its operational efficiency and asset utilization, although there may be some variability in performance over time. Moreover, the company's ability to sustain moderate to high operating ROA levels indicates a reasonable level of profitability relative to the assets employed in its operations.
Peer comparison
Sep 30, 2024